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Multiple reports reveal increasing scams targeting seniors worldwide, including romance, investment, and phantom hacker schemes. Victims often lose large sums, with authorities warning about sophisticated tactics exploiting loneliness and trust. Recent arrests and investigations highlight the scale and complexity of these cybercrimes.
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US Thanksgiving food costs are volatile amid rising wholesale turkey prices due to avian flu, while consumer sentiment hits 40-year lows. Retailers and politicians present conflicting data on affordability, with some claiming prices are down, but wholesale costs and consumer worries suggest ongoing inflation pressures.
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Recent US employment data indicates a slowdown in job creation, with declining jobless claims and delayed government reports due to a shutdown. Experts warn the labor market is weaker than official figures suggest, influenced by economic uncertainty, tariffs, and high interest rates.
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As of January 22, 2026, President Donald Trump continues to advocate for a one-year 10% cap on US credit card interest rates, aiming to ease the $1.23 trillion consumer debt burden. While some bipartisan support exists, including from Senator Elizabeth Warren, the proposal faces strong opposition from major banks and financial groups warning it would restrict credit access and harm the economy. Implementation requires congressional approval.
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Several leading US banks posted solid financial results for Q4 2025, driven by resilient consumer spending, market activity, and strategic restructuring. JPMorgan, Bank of America, Wells Fargo, and Citigroup all reported increased profits, with some facing challenges from market volatility and regulatory changes. The results reflect ongoing economic resilience amid geopolitical tensions.
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Barclays plans to relocate its European headquarters from Ireland to France by mid-2027, citing strategic reasons. Meanwhile, Wells Fargo is expanding its wealth division in Palm Beach, Florida, with new offices and leadership, reflecting a broader trend of financial firms shifting to South Florida amid high-net-worth migration and tax advantages.